Graphicly secures $1.3M round, adds new CEO
One of the biggest challenges for an founding entrepreneur is finding the right time to adjust their priorities as their company grows. The focus, passion, and determination of a founder can become afterthoughts as a company goes from ground zero to tens millions of dollars in revenue. One of our portfolio companies, Graphicly, has just announced the completion of a $1.3M funding round, along with the implementation of a new CEO, David Fox. We co-led the funding round with Mercury Fund and are extremely bullish about the future of Graphicly as they aim to simplify the distribution of visual stories and drive creativity.
One reason we are bullish is the transition that has taken place. Micah Baldwin, the founder and CEO of the company, has shifted his sole focus to improving the Graphicly product. Micah realized he was the biggest roadblock to the company’s success because he had become the decision maker, and could no longer focus on what Graphicly and himself do best, telling the stories of visual publishers in the most effective way possible. Micah’s vision and ability to objectively analyze his performance are some of the many reasons we backed Graphicly originally, and are doing so again. In his place steps David, a seasoned CEO with three exits who is focused on scaling the company. We congratulate Graphicly, Micah, and David on their funding and we are excited to help their incredible team continue to transform the publishing industry.
Read more about David, Micah, and Graphicly in this TechCrunch article.